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back to the mid-1950s has ever cut government spending. we continued to add spending every year, both parties guilty. why should that change? why should anyone watching us right now believe anybody in washington's going to be fiscally responsible? >> adam, it's the right question, and that's dwr i said a minute ago, we need a big deal. if it's a smaller deal, remember, we got to go to the debt ceiling discussion and some of the other trigger points and make sure we get the savings and the entitlement reform and the things we need to get this deficit and debt under control. it's about getting the economy on track and also getting the deficit under control. adam: you are a moderate, highly popular in the state of north dakota, and you have compromised with both sides on these issues, but the vast majority of the public looks at congress, all of you, the house of representatives and the senate looking at you guys with disgust. is that coming across in the halls of the capitol? do the people there understand what the people out here, the 310 million of us consider when we think about the
love this, as opposed to letting the government do it. we he don't need the government to do this. this is what americans can do. stuart: you've got the last word on me there, mark lanier, very good, very good. you walk away from your 227 million, mark, have a wonderful new year. >> thank you. stuart: a massive storm, serious stuff here, big storms through the u.s., high winds, snow, everybody came down and stranding a lot of travelers across the country and dumping inches of snow in some cities, actually feet in some areas. roadways in the northeast covered with snow, again, two feet of snow in some areas. big delays in a lot of airports. big headaches for holiday travelers, that storm is blamed for the at least six deaths. if congress and the president can't come up with a plan and we dive on that fiscal cliff, look what would happen to the average federal taxpayers, the average taxpayer is roughly 50,000 bucks a year and that person would pay a extra, 1238 per year in taxes. in fact, every taxpayer would pay more if we go over that cliff. clearly, that would be a hit to the ove
wrong, did not mislead, did not misrepresent, i did the best with information united states government had at thete time. >lou: here's what ambassador rie did say five days after onl benghazi. >> the best information we have today is this was not a pre-planned, premeditated what happened initially was a spontaneous reaction to what had just transpired in cairo as a consequence of the video. lou: she said nobody is blameless. joining us now, fox news middlen east analyst. it is great to have you with us. your reaction first to her claim she did not misrepresent, did not lie about what happened in benghazi. >> she may be mistaking the version of national security given to her is well defined in the sense she said what she had to say, she did not commit a lie with the american public knowing it did, but on the other handinw there was an assessment made in washington prior to that the next few hours clearly this was a terrorist attack by armed people. in between those two there's a political decision not to tell the truth as to what happened for political reasons. that is somethi
of people who believe in limited government and a government that represents we, the people, and not we, the elites. and i really think that it's archaic and dinosaur-like of folks like sam donaldson who have long been out of power. i mean we broke the liberal media monopoly years ago, and this is really their death row call, not ours. thanks, sam. >> good to see you. thank you for being with us. happy new year. >> you bet. >> that's all the time we have left for the special fiscal cliff edition of hannity. thanks for being with us. let not your heart be troubled because the news continues and greta is standing by to go live on the record. greta, take it away. >> this news alert. an emergency meeting tomorrow at the white house. president barack obama, speaker of the house john boehner, house minority leader nancy pelosi, harry reid and mitch mcconnell. can they make a deal or can they do their jobs or is this just more political drama? >> we want an agreement. >> the count down is midnight. the start of a new year. >> we are going over the cliff because frankly i believe it's what the
're going to cut the sizeia and scope of government, perhaps we should go over the fiscal cliff so people understand government spending is out of control and may start to ask the questions being asked at the f round table and kitchen tables ofam every family white christms sales are so low. they're saying how can i make a major purchases in this economye people are cutting back and want government to do the same thing but something else is playing into why you are seeing christmas sales go so low this christmas season. a lot believe if we are going to say happy holidays perhaps those people who say it is any other holiday should support the economy as a result they are not buying the gifts they need to buy. they are talking to their families about a other things tn gifts.e. eric: stay on this a little bit, if we do go over the fiscal cliff, texas will go up. going up for every income level across the board. but down the road, is that the only way we get our fiscal house back in order? >> we're back down to the law, this is only a fe if you shouldy for massive government is unfair to thos
go into effect. those come in gradually and they could come in more gradually if the government officials thought there was going to be a deal and they better hold off. the real uncertainty i think is what the markets will do. we look like a country that isn't in control of its own destiny, because we're abilitying that way right now. if you're an investor, whether you're in some part of the united states or you're in some other part of the world, do you really want to buy american securities? do you want to invest in a country whose government isn't functioning? i don't think so. we could get a big market reaction, drop in the stock market. that might scare people. >> how quickly do you -- >> but it would also be a bad thing. in itself, it would contribute to the possibility of having another recession. >> how quickly do you think we'll feel tremors from the debt ceiling now that the treasury is beginning to talk about avoiding it. >> i think we're seeing uncertainty about absolutely everything. it's cumulative, it's the debt ceiling, it's the fiscal cliff, it's what taxes are
of people talking tonight. >>> i spy with my little eye. the government issues a warning to parents about who's tracking your kids, their personal information and what they're doing on all those mobile devices. >>> and how does he do it? >> he types is the house number and then the name appears up on the ipad. >> for the inside scoop on all things santa, we went straight to the experts. >> he showed me where the elves were. >>> good evening. after the his defiant and controversial response on friday to renewed calls for stronger gun laws in the wake of the connecticut school shooting, the head of the nra finally took questions today. wayne lapierre sat down with nbc's david gregory this morning to explain why he opposes an assault weapons ban and why he wants to address gun violence in schools with more guns. it is an emotional debate touching still-tender nerves over the deaths at sandy hook elementary among those who hold dear their constitutional right to own guns. we have two reports tonight beginning with white house correspondent peter alexander in our washington newsroom tonight. p
difficult for the federal government. people are wary of all of the uncertainty. they are keeping their pocketbooks closed during this all-important spending season. do you see that as an interesting perspective? >> i think at this point, here you have this santa claus rally which is a market phenomenon that makes sense until it doesn't. that works until it doesn't. coming into this season we would have a typical 1.7% increase in the s&p 500. now, we are dealing with questions that will remain unanswered until january. that uncertainty makes investors anxious. tracy: we have for trading days left. what should we be doing? what should people be doing over the course of the next couple trading days? >> i think people should really look at their capital gains. we are at a point now where capital gains is going up. it makes sense to take him and reposition them when we find out what will happen. lori: i have to tell you, i think stocks are the place to be. stocks, even emerging market stocks, there is a lot of strategy. how would you recommend it? >> i think equity because bond yields
worry about the growth of government and so we have to use these leverage points to try to do those things that naturally leaders should do themselves but that is where we are at a nation and that is what we have to do over the next several months to ensure that we don't continue down this path of insolvency that we are on right now. >> greta: you mentioned other countries in the world. do you not wonder what they think about us. in we can't even manage our own economy and our own finances and meanwhile trying to assert diplomatic authority around the world when we can't even take care of our own problems. sort of wonder even the impact that has that we look so poor in how we are handling this? >> there is no question that our moral authority around the world that's been greatly weakened for numbers of reasons but certainly this issue, i mean people are watching, i was talking to somebody today in europe and they were saying the only thing that is on the news there is whether the american politicians if you will are going to deal with this issue that is before us. so no doubt we are
to the president's desk. tracy: click and expedient. lori: the efficiency. tracy: u.s. government set to hit the legal borrowing limit on monday. 16.$4 trillion federal debt limit beginning to come down and toch congress passes legislation or defaults. treasury secretary tim traders said the treasury would begin to undertake "extraordinary measures to stave off default quote that could $3,200,000,000,000 of additional funding which would give them two more months this is creative accounting. we have many. lori: the overspending is the understatement. the bond yield is lower investors are thinking this is the safest bet stocks are falling the dow was off 100 points europe is a mess in china slows down the global economy in dire straits and we cannot stop spending there is no message in interest rates are rising as they should to prepare for another downgrade which is very concerning talking about the economic data data, consumer confidence falls over fiscal cliff uncertainty and warning the government is set to hit the legal borrowing limit by a monday. we have bill rodgers from rutgers unive
an actual all-time high again. anyway, among the catalysts, a new pro-business government preparing to assume leadership, incoming prime minister shinzo abe. what is it, 50,000 that it has to get to? >> 39,000 i believe is the peak. >> who's counting, right? that's a ways off. >> yeah. far away. >> shinzo abe has been putting pressure on the bank of japan to raise its inflation target in hopes of extricating the country from two decades of deflation. i guess if you just raised the target -- >> that would help. >> okay. >> it doesn't matter what your target is if you can't hit it. >> we found that out here. >>> meantime, in europe markets are closed for the boxing day holiday. seems weird to do it just for a bunch of people to -- >> box up the gifts and return them. >> it's not a -- >> bad, i know. >> it is boxing. what kind of boxing are we -- boxer rebellion? >> i've never understood boxing day. >> we have to look it up. >> i literally have no idea. >> or it's on google. no, is there anything on google that is different? let me see. just a regular -- >> is there their our way to fi
was spending money on government, that is what taxes are. got it? and that's hardball for now, thanks for being with us "the ed show" with ed schultz starts right now. >>> good evening, americans, welcome to the ed show. i'm michael eric dyson in for ed schultz. the president cuts his vacation short to come back to washington, d.c., meanwhile, house republicans are literally phoning it in, this is the ed show, and as ed would say, let's get to work. >> this is something within our capacity to solve. it doesn't take that much work, we just have to do the right thing. >> six days away from the fiscal cliff and there are real consequences to millions of americans if no deal is cut. congressman elijah cummings and ryan grim of the huffington post are here with the latest. a tea party giant stages a coupe with his own office. the details on dick armey's hostile takeover. the nra is catching heat from all directions. >> i don't think the nra is listening, i don't think they understand. >> georgetown university law professor, david cole on the growing drum beat against the nra. >>> six days until the
into if you let the government default or whatever goes on this weekend, because basically defense spending will be cut and we'll have new payroll taxes and all tax rates will go up on income tax and estate taxes and all the bad stuff will happen, and how that's good politics. >> look, politicians are creatures of narrow self-interest. from the self-interested standpoint of a republican house member from a safe district who fears a primary challenge, yes, it's better for them to wait three days, cast -- go over the cliff, cast a vote to cut taxes and basically screw all the people who are going to be affected by it preserving their own jobs than it is to agree to a tax increase now and risk the wrath of the tea party right two years from now. >> chris, let me ask you about another possible, i hope it doesn't happen. next tuesday or next wednesday when the market reopens on january 2nd and they fully realize at that point that this cliff has been gone over and the congress has failed to meet its own targets which it set itself when it set this cliff up, who will pay the price if, say, the ma
the mexican government using our court system to fight arizona's sb1070 immigration law. it wants a u.s. circuit court of appeals to block part the of the law that makes it illegal to protect illegal immigrants. mexicans say it's anti-immigration and antimexico. jamie weinstein says it's anti-illegal immigration. you listen to this and -- break it down. so mexico wants the arizona courts to say it's illegal to ban harboring illegal mexicans. do i have that right? >> actually, the -- in arizona court, a lower court put this law on hold. it's before the u.s. court much appeals in san francisco where the mexican government filed an amicus brief saying the law, it's illegal to harbor illegal immigrants but only if you're committing a crime or in the process of committing a crime in addition to that. that's the only people in violation. if you're already committing a crime or having committed a crime and harboring illegal immigrants. the brief says the law, one, harms diplomatic relation with g united states and prevents the mexican government from negotiating with the united states becaus
government agencies are planning no immediate changes because they're anticipating some kind of deal. that leaves the unemployed, extended unemployment insurance will expire immediately if we go over the cliff. a deal later in january could theoretically restore extended benefits, the immediate damage will have already been done. for many people, this is all an interesting charade. but for the unemployed it's the real deal. get your cell phones out, i want to know what you think. tonight's question, who will the public blame if we go over the fiscal cliff? text a for democrats, text b for republicans to 622329. i'll bring you the results later in the show. >>> joining me now is congressman elijah cummings of maryland. welcome to the show. >> it's good to be with you. >> what do you make of the latest posturing. the house will they reconvene before january? they have a lot of stuff to do, so clearly they can't make it back to d.c. to do the people's business. >> as you said a few minutes ago, we have been assured we would be given at least 48 hours notice before we would have to come
? >> is hard to imagine it could be worse. a selloff if we have the same sort of thing the government shutting down after they pulled all the lovers and the police and run out of money. it gets pretty ugly. gerri: next year, 2013, what will be the big drivers of the economy? what do you see coming up? >> the good news will be the housing sector improving a lot. more progress in the auto sector. there is still a lot of replacement to be done, so that is good. my feeling is if they survive, manufacturing will grow. altogether this is good for 2% growth because the consumer continues to be weighed down by slow wage growth. gerri: everything three imposes. they were not very good. speak of the continued to buy cars. people becoming much more prudent with everyday items. i was sitting with my graduate students and some talk about buying clothes for one location. i don't hear that anymore. i think people are more prudent with everyday expenses and they have divided car and it will make them last longer. gerri: maybe there will be some kind opent up demand. do you see them moving off their policy of
day pain relief with just two pills. >>> look, look. >> this is syria today. government war plains bombed the city of homs. it happened in alep powe as well. at least 80 people are reported dead across the country today. air strikes like these or in street fighting. these twin boys were among the 160 people killed in syria yesterday. it is so tragic. this is where they died. the man who shot this video said that syrian military artillery hit their home. it happen add few miles from where more than a hundred civilians died in a government air strike just a few days ago. >>> a man sent to syria to try to negotiate the end to the civil war says it could be over in a come of months. he's meeting with both sides in damascus, the rebels as well as the leaders. he speaks for thenited nations, not just syria. >> translator: some say i have come here to market a russian american project. i wish i could. there is no russian american problem so hence i did not come to market it. >> i want to bring in richard ross. brahimi is somebody who's very well respect bud somebody who's optimistic. when
upsets me, because the government is supposed to be working for the people. and i don't see that. >> i wish they would hurry up and make a decision, one way or the other. >> reporter: today, even house chaplain's daily prayer -- >> as this chamber lies silent still -- >> reporter: reflected the painful wait for a deal to avert the fiscal cliff. >> send a spirit of wisdom and good judgment upon the leaders of congress that they might forge a solution to assuage the concerns of their fellow citizens. >> reporter: house gop leadership is did call members back to work this sunday, prepared to work through new year's. republican leaders say they would give in on higher taxes, but not more government spending. >> republicans aren't about to write a blank check or anything senate democrats put forward, just because we find ourselves at the edge of the cliff. that wouldn't be fair to the american people. >> reporter: beyond the bitter politics is a real-world consequence. >> anyone who has regular salary or wage income, starting next week, is going to see 2% less in their paycheck because the
that problem? >> all we have to do to balance the budget in 10 years limit the growth of government spending so that the budget climbs by an average 2.5% a year. in my mind, this isn't about the short term because whatever speed bump we go over we're going to go over. in the long run that is what i'm worried about, how big is government? how much of our economy's resources will be diverted and consumed by government? because i don't want to become greece or france or one of these stagnant slow growth welfare states. think evidence is very clear that fiscal policy does matter for an economy's performance. doesn't mean we have a recession if taxes go up but it does mean that government will be bigger and our growth rate in the long run maybe instead of 2.7, it is 2.6. that doesn't sound like much but because of compounding it adds up. adam: dan, i don't think there is any danger we become greece or france in a lot of ways. we're not a socialist country yet and greece is a whole different ball of wax. rich, the discussion about the economy, the spending cuts that they're talking about do put peopl
reverse mortgage today, you'll learn the benefits of a government-insured reverse mortgage. it will eliminate your monthly mortgage payments and give you tax-free cash from the equity in your home. and here's the best part -- you still own your home. take control of your retirement today. ♪ ♪ o@ ♪ sing polly wolly doodle all the day ♪ ♪ hah @ >> a new york newspaper faces black lash after publishing names and addresses of local gun owners. the journal news features a interactive map with detailed information on anybody with a handgun permit. the decision to put it on line is causing a major controversy. critics say it's a privacy violation and could make gun owners a target. the paper's report says angry callers even threatened staffers. david lee miller, a lot of people are speaking out against this paper for doing this, right? >> that's right. a lot of people are not happy with the journal news. in a follow uparticle the paper says thousands reacted enraged, callers complained their privacy was violated and personal safety was at risk. one critical website is po
geithner says the government will hit the debt ceiling on monday and he is launching an emergency plan to avert a crisis. amm eamon javers is live. what do we know? >> the president is coming back early, a couple days earlier than his vacation. did a little bit of jogging, working out in the gym over his vacation. now he will be,ing would out on this fiscal cliff. the senate is coming back and the house of representatives is going to have a conference call for all republicans later on today and then yesterday, we saw the secretary of the treasury, tim geithner, announced the $16.4 trillion debt limit is going to be reached by monday, that was a little bit surprising to people who haven't been following this kind of thing and raises the stakes for the fiscal cliff end game because the white house had wanted a debt ceiling deal as part of the overall deal here on the fiscal cliff. republicans have been resisting that by announcing the debt ceiling limit will be held on monday, ratchets up the pressure to include the debt ceiling piece in the final package, whatever that may be, but still
's government unleashes its most sophisticated weapons of the war. missiles from iran. we'd like to welcome our viewers here in the united states and around the world. wolf blitzer is off today. i'm candy crowley and you're in "the situation room." >>> i want to begin with a crisis you probably don't know is coming and, of course, is just about to hit. barring a last minute deal, union dock workers at more than a dozen major ports will go on strike this weekend. meaning just about everything we buy, from clothes to cars, can't be unloaded. the strike would impact 14 port along the eastern seaboard in gulf coast, including the port of baltimore and that's where we find cnn's brian todd live. the potential impact of this is pretty big. >> reporter: it's huge, candy. right here, this is one of the most crucial ports for commerce in this region. the sieger terminal. you can see massive container ships sitting in port. this is the port terminal with the bustling operations, containers still being moved in and out of here by a truck that are being offloaded from the ships here at the terminal. about
geithner has informed the senate that the united states government will hit its debt ceiling on monday. that is december 31st. now, that doesn't mean that anything happens immediately, because the treasury can take various steps to postpone the moment of reckoning, probably a couple of months. it's still significant. that's an effort to pressure congress. secondly, the house republicans have met, leadership has met, sent a letter to democrats saying the house has acted, now it's up to the senate to act. that's, of course, the m theic-controlled senate which has no intention of taking up that house bill, which would extend all of the bush tax cuts. the president wants to only extent cuts for incomes under $250,000. senate democratic leadership aide tells me there's a 50/50 chance for a mini deal, temporary extension of the tax cuts, before january 1st, but we haven't seen any progress on it yet. president obama is coming back early as you mentioned, from his vacation in hawaii, but a senior white house official tells me they have seen no signs yet of progress toward a deal, so, everybod
fiscal cliff deal. meantime, treasury warns the government will hit its legal borrowing limit by monday. it's thursday, december 27th, 2012 and "squawk box" begins right now. >>> good morning and welcome to "squawk box" here on cnbc. i'm andrew ross sorkin along with joe kernen. becky continues to have the day off today. our guest host today is bob broska. house speaker john boehner urging the senate to come up with a passable fiscal cliff solution. he's promising to at least consider any bill that the upper chamber produces. senate majority leader harry reid now expected to base any legislation on a bill passed earlier this year to continue tax breaks for households will incomes below $250,000. a senate bill would likely contain an extension of expiring unemployment benefits. and the other big news of the morning, treasury secretary tim geithner unveiling a plan to buy time under the debt ceiling. in a letter to congress, geithner saying that treasury is going to begin taking steps this week to delay hitting the government's 16$16.4 trillion borrowing limit. treasury will tak
amounts to 8 1/2 days of government spending. he's willing to raise everybody's taxes and hold the country hostage over the issue and the economy hostage because he so wants his rate increase for 8 1/2 days of spending? tell me where the sense in that is. >> you know, you know, i'll give you this. you are strong on principle, sean. but let me tell you something, you are way, way out of line with the thinking of the american people. it's something like 60% now, i think it's in the mid-50% of americans who approve of president obama's handling of the budget negotiations. the president cut his vacation short. and you talk about the senate doing nothing. >> let me ask you this. >> the senate has passed a bill that would give an extension of the bush tax cuts to 98% of americans, sean. 98%. john boehner, a guy i like very much, but john boehner's ratings are now lower than nancy please sis. that's what the american people think about the way the republicans have handled it. >> the senate hasn't done their job in 1300 days and somehow, brent, the blame is on the republicans who did pass a bill,
for is increasing taxes that will only pay for 8 1/2 days of government spending. now president obama has not been a leader on this. he's not been serious. he's been acting weak and, of course, clinging to his radical ideology. enough is enough. maybe it's time to have the republicans call the president's bluff. let him take the country over the fiscal cliff if he so chews. republicans were elected to get the fiscal house in order. maybe it's time to stand up for your kids, your grandchildren. maybe they should dig in their heels and say they are looking out for the future and future generations. maybe now is is a time to take a principle stand and say they are not going to let washington continue with the out of control spending, the debts and deficit. maybe now at this moment maybe that's the right thing to do. joining me now with reaction to the developing steer are congressman loui gomert and -- go ahead. >> i can totally with him that he cannot imagine our consciouses in the house because you would have to have one to imagine ours, and he's shown repeatedly over three years of no budget? come
should have stayed there. i think the president should have stayed there. i think the government should have stayed in place and kept working on it. as a freshman member of the congress, i don't have the pull or the power to say when we're going to be there, when we're not, but at the u.s. house of representatives has acted, we're waiting for the senate to act and i believe that as soon as they act, we'll be back in town to find some forge, some pathway forward. >> well, a senior white house official told cnn tonight to that point, they said we believe strongly a reasonable package can get majorities in both houses. the only thing that would prevent it is if speaker mcconnell and boehner don't cooperate rate. do you think mcconnell and boehner are in the mood to cooperate with president obama? >> i do believe they're in a mood to cooperate. speaker boehner's talked for a very lopg time about a grand bargain, a big deal, about trying to find some major solution going forward. but the senate hasn't acted on anything, so i think we have to be careful on just placing the blame on mcconnell
an internal engineering memo. the company concedes it did not provide to government investigators an his story featured a customer who said she is convinced her new lexus surged ahead on its own. >> tanya thought the problems with suddenly accelerating toyotas were old news which is why she bought the car of her dreams. this 2011 lexus es 350 last june. >> did you think it was solved? >> i thought most definitely it was solved. the federal government tested toyota. they said it was floor mats or sticky throttle or something like that and i believed the government. >> 7,000 miles later on the day after christmas, she says she was pulling in to a parking spot at a local mall, gently riding the brakes when she says -- well, take a listen. >> the car just lurched forward and hit the cement wall in front of us. >> she jammed on the brakes so hard, she says she strained ligaments in her foot causing massive swelling. when she called the dealership, the salesman insisted she call a toyota company salesman. >> you will not drive this again? >> i will not drive it again. >> toyota never conceded. there
this israeli government is so spoiled and has shift sod far to the right it makes no effort to take u.s. interest into account. and i agree with that. when netanyahu moved and cut off any chance of a united west bank government, he basically took a step that was completely in the face of u.s. policy going back to george w. bush. >> that's true. i think one of the things to be keep in mind is this pre-nomination process seems to have gotten completely out of control. where congress has too much to say who the presumptive nominees that any president offers forth. over history only 20 cabinet nominees have been knocked back. seven have been rejected and 13 have withdrawn those names. seven of those have happened under the past three administrations. so i think there's something wrong with this whole process where a presumptive nominee is litigated in public and the -- >> how do you avoid this? how do you do it? >> he's got to make a decision. obama has either got to nominate him when he gets back to washington tomorrow or move on. >> is this the vetting process we've got now? in other wo
is not the right solution. we can still count on government to disappoint us each and every time that we need their support, that's a beginning, yet we've had two 10% corrections already this year in stocks, including dividends. they are up close to 14%, and this type of environment, where you're probably going to see another 3% to 5% selloff because of this fiscal announce, fiscal irritation, and when you get that, you should take that money and put it to work. simply because when you look at corporate america, the average company, bill, is generating a 16% to 17% return on equity, record free cash margins and a federal reserve that has the pedal to the metal. what you and i have talked about before repeatedly, $4 in taxes for every dollar in phantom spending cuts. that's fiscal irritation, but the health of corporate america will be what ultimately prevails. >> sounds like david has been reading your book, rick santelli. >> it does. >> big fan of rick. >> this is such a perverse world we live in, okay. let's look as what's happening. down 158 in stocks and that pushed the ten-year yield und
and the storm would be generated by the markets and the loss of confidence in american governance and the american economy, but that's not necessarily going to be the case. we still have a few days left. a white house official told me that there have been no progress over the last couple of days, but an aide to senator harry reid told me there's still a 50/50 chance we get a mini deal that would put off the effects of the cliff at least temporarily and a 50/50 chance of that happening before january 1st. so even though there's a small number of days, sometimes the urgency of a deadline forces lawmakers to overcome differences they can't overcome otherwise. >> remind us, john, a mini deal is composed in the senate but still has to pass through house republicans and boehner or not? >> yes. and the question about the mini deal would be, what we're talking about, just to make clear for our viewers, would be a temporary extension of tax cuts for incomes under $250,000, a couple of months, for example, a temporary turn-off of the sequester, the automatic cuts equally in defense and nond
government bailout than meets the eye. liz macdonald tells us the white house is backing a plan to help out underwater mortgages and not just for government underwritten loans. shibani: let's take a look if you own these stocks on the nasdaq you are making money today. research in motion, netflix, a lot. dennis: the christmas movie box office cannot non-violent are rated westerns by quentin tarantino against a broadway musical based on a nineteenth century novel, was miserables and the musical won. universal's less miserables broken million dollar guarantees, tarantino break-in $15 million, the highest level christmas opening for and are rated film. elsewhere taylor swift is breaking up with stream music services. turn newest album read finished fifth week at number one but she refused to make it available on internet streaming services that the attendees her songs. other music acts may take notice. a great story in the wall street journal. an office building, number one times square, the bad news, it is mostly vacant. the good news is it brings in $23 million a year in ad revenue on
of a government-insured reverse mortgage. it will eliminate your monthly mortgage payments and give you tax-free cash from the equity in your home. and here's the best part -- you still own your home. take control of your retirement today. ♪ ♪ >>> the defense industry sure to be affected if we go over the fiscal cliff in just three days because of those automatic spending cuts to the industry. our jane welles has a look at what's ahead for defense in 2013. >> reporter: as the u.s. leaves the fog of war, the defense industry enters the fog of deficits. no industry is more vulnerable to the budget acts, and here are three predictions for 2013. first, the f-35, lockheed's joint strike fighter will be just fine. the most expensive program in history has been hit with cost overruns and production delays and concern from foreign buyers over its price. but lockheed and the pentagon have come to terms to buy another round of the jets for nearly $4 billion. morgan stanley calls the f-35 the single most important investment debate over lockheed stock. second, cash will be king. as defense spendin
have and whether or not we'll have enough to ask the federal government to come in and help. but certainly we've been in this situation before. and our local governments and the state will step up and do what we need to do for our citizens. >> art faulkner, the director of the state's emergency management in alabama. we thank you for joining us. we want to get now to robert lath latham, the director of the mississippi emergency management agency. mississippi's governor has declared a state of emergency. what's the latest there, sir? >> hey, don. it looks like we've got ten counties that have been impacted from the storms last night. more than 25 injuries have been recorded in those counties. looks like we've got more than 40 homes that have sustained some type of damage, anything from minor to destroyed. several businesses have been impacted but none of the injuries are serious or life-threatening at this time. but right now, we're trying to complete our damage assessments to make sure that we're meeting the needs of the citizens with the first priority being to make sure th
of the scale of how these things can be. our concern is that the amount of oversight capacity of the government is quite limited and is shrinking while this kind of abuse seems to be steam rolling and there's more and more of it we see. especially this year when we had a number of tragedies. >> are authorities outnumbered or can they do something to stop this? >> they're definitely outnumbered. the irs and state attorney general offices have long been far behind in keeping up with these things. and now as the government is shrinking, there is more of a problem. unfortunately, it requires the work of cnn and other investigative reporters to bring it to light, and sometimes the e embarrassment to force the government to get involved, so there is a lack of oversight there and a need for far more enforcement. >> i'm sure you're concerned people at home are listening and saying maybe i shouldn't donate. maybe it makes them afraid to donate. what do you say to them? >> for every horrible story, there's a great story and fantastic charities. the united way of westchester, or western connecticut is inv
. >> good morning, dave. >> dave: they will be fined if the government chooses $1.3 million a day for not going along with obama care. why? >> that's how the law is written. and this mandate is written so that if they don't provide abort fascia's that's what they're opposed to the in hha mandate. some opposed to abortions. hobby lobby don't want to pay for abortion pills cord under the hh mandate. they will be penalized again for what costs roughly a couple of dollars per person maybe a month in their nrch plan. $100 for each of the 13,000 employees they have. just not it not giving their employees access to for free at no cost and no co-pay abort faces. that's what's at issue here. this is a religious freedom issue. and a question of like the supreme court handled the citizens united do corporations also have if they have got free speech rights in the first amendment. why wouldn't they have the free exercise of religion rights that are also in fact, they start the first amendment as the religious -- i think it's a very important point to make that though hobby lobby has had a tou
of times, even in a constitutional crisis, government worked. people put the country ahead of their own party in the day-to-day workings of the capitol. >> but i think that should give you hope, if the president wins the election, and i believe he will, that something like that will happen next time. let's go back and look at what really happened in the '90s. so we had this -- you know, '94 was contentious, but things got done. and then the republicans won the congress. '95, hardly anything got done. we did get the budgets out on time. >> right. >> i mean, that's the only year we didn't get the budgets out on time. and so there were two government shutdowns. then public opinion shifted strongly against that. the leaders of your caucus and congress decided i'd probably win in '96, and we started working together because the shutdowns were an action-forcing event. this time, after the election, there will be less gridlock. if governor romney were to win, he'd just implement the agenda that he campaigned on. >> right. >> and if the president wins re-election, which is what i think will hap
and really the new transitional government -- the government that has been the transitional government starts pulling the levers, we think we'll get some stimulus. it will feed into the global economy. europe is still on the mend, but it is doing what it needs to do. the u.s. has been growing. we've got housing, we've got automobiles. both have put in good numbers and we would expect that our economy will be able to weather the rockiness near term and benefit from an agreement on this fiscal cliff. >> steve weiss quickly. >> john, how do you see it playing out? we've seen a lot of ends being front end loaded only to fall off and maintain the back end. with everything that's going on in terms of spending, cutting back from europe and from u.s. standpoint. how do you see it playing out next year in terms of the market action? >> in terms of the market action, what we would expect, the first quarter a lot is going to depend on what happens with the fiscal cliff. as i said before, if we move into a recession, you're not going to get a 1585 target or 2 $108 in earnings. we're not expecting the po
mandela was treated for a lung infection. a government spokesman says the former south african president is receiving treatment at his home. mandela is said to be resting and in good spirits. bye dad. drive safe. k. love you. [ chirping, buzzing continues ] [ horn honks ] [ buzzing continues ] [ male announcer ] the sprint drive first app. blocks and replies to texts while you drive. we can live without the &. visit ♪ you make me happy when skies are gray ♪ [ female announcer ] you know exactly what it takes to make them feel better. ♪ you make me happy [ female announcer ] that's why you choose children's tylenol. the same brand your mom trusted for you when you were young. ♪ how much i love you [ humming ] [ female announcer ] children's tylenol, the #1 brand of pain and fever relief recommended by pediatricians and used by moms decade after decade. [ humming ] >>> we have this just in to cnn. you're looking live at air force one as it lands. just back from hawaii. the president had to cut short his vacation there. his holiday vacation so he could deal with th
government tested toyota. they said it was floor mats or a sticky throttle or something like that and i believed the government. >> 7,000 miles later on the day after christmas. she said she was pulling into a parking spot at a local mall gently riding the brake, she says -- take a listen. . >> the car lurched forward and hit the cement wall in front of us. >> she strained ligaments in her foot causing massive swelling. the dealer insisted she call the toyota contain lawyer. >> and you won't drive this again? >> i will not. >> toyota has never conceded that there was a problem. but drew found a document that is written in japanese and english translation that shows one instance what antwonic software problem was discovered. toyota says this has nothing to do with unintended acceleration. other experts disagree. drew griffin is here. first a big settlement earlier this month and now this. >> from the beginning the company maintained it doesn't have a problem. certainly nothing wrong with the electronic throttle control system. the company said it was three things. stuck gas pedals, stuck
crisis we've had in our government over the past three years. we push, push it, push it to the brink and come up with something. i'm not sure we'll come up with something now. there is let more flexing. congress meeting on monday is a help thulful thing. if they come up it will be minor framework of what we see next year. we'll see where it goes from there. ashley: very good point. mike, from the nymex, what about oil today. what have we seen in the action of the oil trade? >> it is more or less follow the leader after we came out with that little stock market rally there i'm looking at the board here we're pushing highs at 91.25. it is more like a vooleyball game. who's serve is it not? it is going back and forth in washington on what kind of plan we'll come up with. i wouldn't be, the volume's been low. i don't think we'll miss a huge move. i've been saying buy 85, sell 90. probably drift a little higher until the end of the year and see what happens going into the new year. ashley: so much uncertainty. thank you so much, gentlemen. we have ben and daniel and mike, thank you for jo
the government at this point needs to understand that we should be able to trust you to do the right thing, put politics aside and think about us, the people that's why we have government. fix it. [ male announcer ] at scottrade, you won't just find us online, you'll also find us in person, with dedicated support teams at over 500 branches nationwide. so when you call or visit, you can ask for a name you know. because personal service starts with a real person. [ rodger ] at scottrade, seven dollar trades are just the start. our support teams are nearby, ready to help. it's no wonder so many investors are saying... [ all ] i'm with scottrade. it's no wonder so many investors are saying... you know it even after all these years. but your erectile dysfunction - you know,that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needing to go frequently or urgently. tell your doctor about all
brand new lexus surged ahead on its on. >> did yyou think eit was solve? >> i believed the government. >> 7,000 miles later on the day after christmas. she said she was pulling into a parking spot when take a listen. the car lerched forward and hit the cement wall in front of us. she strained ligaments in her foot causing massive swelling. >> and you won't drive this again? >> i will not. >> toyota has never concede d that there was a problem. but drew found a document that showed in one instance that a problem was discovered. toyota says this has nothing to do with unintended problems. drew first a big question. >> from the beginning the company maintained it doesn't have a problem. certainly nothing wrong with the system. the company said it was three things. operator error as they said was tanya's case. she stepped on the gas instead of the break. >> here is what the officer said in a statement today. this was a difficult decision especially since evaluations have confirmed the safety of the si systems. >> so it is a way that the company says we are going to put it behind us and ke
the government could very well go over that fiscal cliff. now, just five days until everyone's taxes go up. how much for the average american family? here's our chief white house correspondent jon karl tonight. >> reporter: president obama cut short his hawaiian vacation, where storm clouds, real storm clouds, are gathering over the capitol. instead of deal making, it's name calling. the top democrat in the senate, accusing the republican speaker of the house of running a dictatorship. they say they haven't given up, but it sure sounds that way. >> i don't know, time-wise, how it can happen now. >> here we are, once again, at the end of the year, staring at a crisis we should have dealt with literally months ago. >> reporter: vice president biden made a rare appearance in the senate, not to negotiate -- >> i do. >> congratulations, senator. >> reporter: but to swear in a new democratic senator from hawaii. a vote the white house will need if the senate ever gets around to voting on a plan to avert the fiscal cliff. in the house, even less going on. the only hopeful words, from the house chaplai
government for failing to create a national database of the mentally ill and failing to enforce existing gun laws and accused the news media of sensationalizing the most horrific crimes. >> how many more copy cats are waiting in the wings for their moment of fame? from a national media machine that rewards them with wall-to- wall attention. >> reporter: democratic senator dianne feinstein of california, a long time leader in gun control, called the n.r.a.'s plan a distraction that's only intended to delay action by congress. >> should we have a conversation about school security? yes. should we have a conversation about mental illness and the culture of violence? yes. but we can't ignore the common denominator in all of these deadly massacres: access, easy access to killing machines. >> reporter: the fact is, scott, that one-third of america's public schools already have armed security and it's interesting to note an armed deputy sheriff was assigned to columbine high school near denver in 1999 but failed to stop that attack that killed 13. >> pelley: chip, thank you very much. of course, th
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